TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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June 10, 2024
Source: Ares Commercial Finance
New York – June 10, 2024 – Ares Commercial Finance (“ACF”) announced today that it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with the acquisition of the First Capital asset-based portfolio in 2015. Since the original acquisition, ACF has grown commitments at a [30.0]% CAGR with total commitments of ~$2.0 billion as of March 31, 2024. Through the years, ACF has expanded the team to over 40 full time employees, increased its footprint to eight offices and enhanced its product suite to include asset-based, asset-backed and priority cash flow revolvers and term loans, in addition to stretch ABL/FILO term loans, trade receivables securitizations, supply chain financings and equipment finance products.
“Ares Commercial Finance has experienced sustained growth over its 10-year history, a result of the power of the Ares Platform, our experienced team of professionals, and our ability to respond to changing market conditions”, said Ryan Cascade, Partner, and Head of Ares Commercial Finance. “I want to take this opportunity to thank and congratulate our entire team on what we have accomplished to date. Along with our partners, referral sources and borrowers, we should all be proud of what we have achieved together—and hopefully the best is yet to come.”
About Ares Commercial Finance
Ares Commercial Finance (“ACF”) is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $300 million to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail, and service. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible, and customized financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing. For more information on ACF visit www.arescommercialfinance.com
About Ares Management Corporation
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2024, Ares Management Corporation's global platform had approximately $428 billion of assets under management with approximately 2,900 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
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